Investments
€27,998 2.2 × depreciation
Green is investment, beige is depreciation.
GAPWORKS
Lifetime
17 annual accounts with figures on one time axispeak €216,486 (2019)
€134,120▲ 74.6%
lowest -€70,471 (2022)
€2,076▲ €39,164
peak €463,331 (2021)
€324,389▲ 0.6%
€61,771▲ 17.3%
peak 1.8 FTE (2018)
1.6 FTE▼ 5.9%
Board2 names since 2020
-
Owners2 names in the annual accounts
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from €76,824 to €134,120Back to profit: €2,076Debts from €52,664 to €61,771Investments €27,998
Key points
from the 2025 annual accountsFilings
17 annual accounts since 2009
Seven of the last ten came late. The 2023 accounts came latest: 69 days after the end of the period.
Position in the sector
84.0%
Higher solvency than 88% of companies in computer programming and consultancy. Sector median 42.1% · 3,545 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 10,915 companies had the same profile as GAPWORKS has now. Each dot stands for 28 companies, two years later.
95.0%
were still trading
4.1%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,915 companies, not a prediction for GAPWORKS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
last known boardDirector, until 2024
Director, until 2024
- 50%annual accounts 2017
- 50%annual accounts 2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0809842409
Changes of role: (statutory director) and (successor statutory director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · is a shareholder · Director discharge: · General meeting of 19-12-2023 · Gazette deed
Registered office moved within Maldegem
New registered office: Victor De Lillelaan 9 te 9990 Maldegem · Previous registered office: Reesinghelaan, 49/5a te 9990 Maldegem · General meeting of 20-03-2018 · Gazette deed
Incorporation
published on 25-02-2009 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GAPWORKS Maldegem | €386,160 | €134,120 | 84.0% | 1.6 |
| CAPTIC Ghent | €273,480 | €142,774 | 29.2% | 2 |
| CimPro Sint-Niklaas | €311,290 | €91,283 | 39.3% | 1 |
| AULIVE Software Ypres | €308,863 | €151,604 | 27.8% | 2 |
| Vertigo creative studio Antwerp | €333,548 | €115,468 | 12.2% | 1.6 |
| Incubate Brussels | €459,895 | €179,687 | -5.3% | 1 |
| TBSCG Belgium Watermael-Boitsfort | €323,166 | €141,636 | -195.7% | 2 |
These companies have the same main activity as GAPWORKS: computer programming (NACE 62100). They are comparable in size and age: total assets between €273,000 and €460,000, founded between 2004 and 2014.
Official details
Source: KBO- Status
- Active since 16-02-2009Normal situation
- Activity
- Computer programmingNACE 62100and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.176.301.3049990 Maldegem, since 16-02-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- ≈ €210,000estimated
- €386,160▲ 3.0%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on GAPWORKS
GAPWORKS files the abbreviated format. That format states no turnover. The gross margin rose from -€28,216 in 2009 to €134,120 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GAPWORKS
- What is the company number of GAPWORKS?
- The company number of GAPWORKS is 0809.842.409. The VAT number is the same number with BE in front: BE 0809.842.409.
- Where is GAPWORKS based?
- The registered office is at Victor De Lillelaan 9, 9990 Maldegem.Company details
- What does GAPWORKS do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of GAPWORKS?
- GAPWORKS is a private limited company (BV).
- When was GAPWORKS founded?
- GAPWORKS was founded on 16-02-2009.
- Is GAPWORKS still active?
- Yes, GAPWORKS is an active enterprise in the KBO register.
- How many employees does GAPWORKS have?
- GAPWORKS had an average of 1.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GAPWORKS fall under?
- In its 2025 annual accounts, GAPWORKS states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of GAPWORKS?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €134,120 and 45 comparable companies (NACE 62100). It probably lies between €180,000 and €300,000.
- Is GAPWORKS profitable?
- In financial year 2025, GAPWORKS made a profit of €2,076.
- Where can I find the annual accounts of GAPWORKS?
- GAPWORKS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GAPWORKS due?
- GAPWORKS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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